Company reached agreement with Ternium on sale of CSA steel plant in Brazil for eur 1.5 billion.With closing of deal co will receive a clear cash inflow which will significantly reduce the group's net financial debt.Sale will have corresponding effects on the group's net income

Does not expect deal to have any impact on adjusted EBIT, free cash flow before m&a targets of continuing operations for current FY 2016/2017

Source:reuters.com